Day Trading Truths and Lies
By Joe Zordi
1.5/5
()
About this ebook
Trading is challenging for most people because they simply don't have information, tools or confidence to become successful. This book is important for beginners because it tells it like it is and gives an inside look at trading the financial markets giving you the reality on what the live market is really like, the way they are really run and tells you who runs them and what you need to do as a self-directed beginner to survive in them.
Let’s face it, it’s a well-known fact that 97% of brand new self-directed investors and traders fail and lose all of their money, why does this happen? It happens because brand new self-directed traders enter into this business with a bunch of misguided grandiose ideas of making a million dollars from trading and while you can surely make millions of dollars from trading you would need to be using hundreds of millions of dollars of capital to do so, no joke.
As a brand new self-directed trader you have no idea of the brutality and volatility that goes on in the live markets on a daily basis and that there are people in the live markets who will walk over dead bodies to get paid so make no mistake as a beginner and think you can go in the live market and beat them, you can’t. What you can do though is properly prepare yourself to trade with the best traders in the world and get paid right along with them instead of paying them.
Once you have completed reading this entire book you will have a chance at competing with the best professional traders on the planet. The information in this book will put you on the fast track to being able to make an unlimited income for yourself and becoming consistently profitable enough from trading the financial markets to perhaps even making a living from doing it, isn’t that the type of business you would like to be in?
Read more from Joe Zordi
Multiple Time Frame Analysis for Beginner Traders Rating: 1 out of 5 stars1/5Daily Chart Trading for Beginners Rating: 4 out of 5 stars4/5The Wall $treet Mafia Rating: 0 out of 5 stars0 ratingsForex Trading Guide for Self-Directed Beginners Rating: 0 out of 5 stars0 ratings
Related to Day Trading Truths and Lies
Related ebooks
Low Risk High Reward Forex Trading for Beginners Rating: 1 out of 5 stars1/5The Truth about Day Trading: Beginner Investor and Trader series Rating: 5 out of 5 stars5/5How to make money right away as a Beginner Futures Trader Rating: 0 out of 5 stars0 ratingsHow to have $uccess in Financial Market Investing & Trading Rating: 4 out of 5 stars4/5Trading Forex like a Wall $treet Bank for Beginners: Brand New Day Traders Learning Series, #1 Rating: 0 out of 5 stars0 ratingsPower Trading Rating: 0 out of 5 stars0 ratingsTrading your way to Retirement Rating: 0 out of 5 stars0 ratingsShadow Trader Rating: 4 out of 5 stars4/5Death by Day Trading Rating: 4 out of 5 stars4/5Simple & Easy Futures Trading Strategies Rating: 0 out of 5 stars0 ratingsDefining Your Trading Edge in Forex Rating: 5 out of 5 stars5/5Day Trading is for Dopes Rating: 4 out of 5 stars4/5Bible of Day Trading for Beginners Rating: 4 out of 5 stars4/5Intermediate Techniques for Day Trading Beginners Rating: 4 out of 5 stars4/5Zero Fear Trading Rating: 0 out of 5 stars0 ratingsSwing Trading Mastery Guidebook Rating: 4 out of 5 stars4/5Bible of Day Trading for Beginners Rating: 0 out of 5 stars0 ratingsThe Set it & Forget it Trading Method Rating: 4 out of 5 stars4/5How to do Set it and Forget it Day Trading Rating: 2 out of 5 stars2/5Rule Based Supply and Demand Trading for Beginners Rating: 3 out of 5 stars3/5How to be a Winning Stock Picker Rating: 0 out of 5 stars0 ratingsTrading without Indicators Rating: 3 out of 5 stars3/5High Profit Futures Trading for complete Beginners Rating: 3 out of 5 stars3/5Low Risk High Profit Position Trading for Beginners Rating: 1 out of 5 stars1/5Traders Mind Rating: 0 out of 5 stars0 ratingsHow to Trade like a Wall $treet Insider Rating: 0 out of 5 stars0 ratingsSimple & Easy Stock Trading Strategies Rating: 0 out of 5 stars0 ratingsDay Trading with an Edge as a Beginner Rating: 0 out of 5 stars0 ratingsSupply & Demand Day Trading for Futures: Brand New ETF's,Forex, Futures, Stocks Day Trader Series, #2 Rating: 0 out of 5 stars0 ratingsBest Tips for Low Risk High Profit Trading: Beginner Investor and Trader series Rating: 0 out of 5 stars0 ratings
E-Commerce For You
2022 Best Ways To Make Money Online Rating: 4 out of 5 stars4/5Beginner's Guide To Starting An Etsy Print-On-Demand Shop Rating: 0 out of 5 stars0 ratingsThe Digital Product Success Plan: Building Passive Income on Etsy (and Beyond!) Rating: 4 out of 5 stars4/5Starting an Etsy Business For Dummies Rating: 5 out of 5 stars5/5Online Investing Rating: 0 out of 5 stars0 ratingsTrade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Rating: 5 out of 5 stars5/5The Passive Income Cheat Sheet Rating: 4 out of 5 stars4/5How to Write Copy That Sells: The Step-By-Step System For More Sales, to More Customers, More Often Rating: 4 out of 5 stars4/5Chat-GPT Income Ideas: Pioneering Monetization Concepts Utilizing Conversational AI for Profitable Ventures Rating: 4 out of 5 stars4/5Influencer: Building Your Personal Brand in the Age of Social Media Rating: 4 out of 5 stars4/5The Digital Marketing Handbook: A Step-By-Step Guide to Creating Websites That Sell Rating: 5 out of 5 stars5/5How I Made My First $1000 on Etsy (With No Social Media Following and No Money to Spend on Advertising Rating: 5 out of 5 stars5/5Crushing It!: How Great Entrepreneurs Build Their Business and Influence—and How You Can, Too Rating: 4 out of 5 stars4/5A Beginner's Guide To Day Trading Online 2nd Edition Rating: 4 out of 5 stars4/5Building a StoryBrand: Clarify Your Message So Customers Will Listen Rating: 4 out of 5 stars4/5Super Simple POD: An A-to-Z Guide to Print on Demand Success Rating: 5 out of 5 stars5/5The Beginner's Affiliate Marketing Blueprint Rating: 4 out of 5 stars4/580/20 Sales and Marketing: The Definitive Guide to Working Less and Making More Rating: 4 out of 5 stars4/5The YouTube Formula: How Anyone Can Unlock the Algorithm to Drive Views, Build an Audience, and Grow Revenue Rating: 4 out of 5 stars4/5The Psychology of Selling: Increase Your Sales Faster and Easier Than You Ever Thought Possible Rating: 4 out of 5 stars4/5How to Start a T-Shirt Business on Merch by Amazon Rating: 4 out of 5 stars4/5Jab, Jab, Jab, Right Hook: How to Tell Your Story in a Noisy Social World Rating: 5 out of 5 stars5/5
Reviews for Day Trading Truths and Lies
2 ratings1 review
- Rating: 1 out of 5 stars1/5Long winded. Never gets to the point. Keep saying what this book will teach you and indeed it does not. Very irritating book !
Book preview
Day Trading Truths and Lies - Joe Zordi
Day Trading Truths and Lies
Learn why Beginner Traders lose all their Money
By Joe Zordi
Copyright 2017
Who I wrote this book for
Brand new (newbie) traders all make the same mistakes over and over because they don‘t know any better, now you do. Newbie traders tend to do what everyone else is doing and study what everyone else is studying thus they have the same results and failures as everyone else, don’t be that trader!
I like to start off all of my books with this section. It gives me a chance to really connect with you as a brand new trader and let you know that what I am writing about in this book is specifically written for you. All the books I write are geared for people wishing to enter the business of making money with money that are brand new and have zero knowledge yet and a limited budget for trading capital.
Picture yourself throwing all your startup capital into the bon fire at the party you’ll throw for yourself for starting your new trading business up and watch it burn up in smoke and flames right before your very eyes. You smell that? That’s all your money burning up because you went to fast or did not learn what to do the right way from the first day of your business and did not develop the needed edge to compete at the highest level. Trust me when I say, the sharks in the market will chomp up your trading account without hesitation. We’ll get to the sharks a little later on in the book so you know who they are and what they can do to you as a brand new beginner trader.
This book is going to give you the brutal truth about day trading. What was it Jack Nicholson’s character Colonial Nathan Jessup said in the movie A Few Good Men? "You can’t handle the truth"! Do you want to invest and trade with real information or do you want to be lied too? The only thing in investing and trading that can’t lie to you is price action on your trading chart. Smart money cannot hide what they are doing in the market and it shows up on the price chart you look at every day you just need to be able to spot what they are doing where they are doing it.
I wrote this book for all beginning aspiring investors and traders who are just getting their head around doing the day trading and swing trading business. Everyone has their own ideas of what they think day trading and swing trading are and what it can do for them. This book is for beginners and will detail many of the things that a brand new trader must learn not to do before they can become consistently profitable in the live markets. You’re heard the saying just say no to drugs
, just say no to day trading and you and your account will be waaaaay ahead of the game to start off. Don’t say I didn’t warn you, OK, continue with your insanity and read this entire book to give yourself a fighting chance.
This business isn’t really an H&P type of business, what is H&P you might be asking, hoping and praying, you don’t need a rosary you need an edge. Listen, I’m not going to sugar coat it, this business is an ugly place for an untrained and underfunded beginner. There are very bad people in the live market who are looking to take all of your money from you, and they will should you not be prepared properly to go to work in the live markets. Again, don’t say I haven’t tried to warn you.
You absolutely need to have a competitive edge in the markets, and you must have it before you do anything in the live markets with real money. I will have some other books out soon that detail how to develop your edge for making money in today’s live markets, I encourage you to read them all as soon as they come out if you are in this business to make money. If you run with the ‘sheeple of the herd’ you can be assured to not have any edge. They all study the same information and are all programmed the same way to lose money repeatedly.
My hope from this book is that you understand how important it is to have a competitive edge when putting your hard earned money at risk in the markets. Each day, the wealth from trader accounts is transferred from those without an edge into the accounts of those who have developed that needed important winning edge, which one do you want to be?
There are only two groups of people who are doing business in the markets, the professionals and the retail investors and traders. The retail group includes both wanna be
traders and also brand new traders with zero experience at all who are just trying to be cool and say they work in the market.
Use this book as an overview or a guide if you will, for what to study and learn first to become consistently profitable from day trading. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them. This book is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any traders success in the financial markets.
I did not put all the history of financial markets and all the stats in this book, you can look all of that up online at your leisure if you want to know that information, while it is good to know, it will not make you real money in the live financial markets every day.
This book will be an incredible read for someone who has zero knowledge or someone who has some basic experience who is struggling with their trading and investing. I purposely do not put any charts or graphs in this book and I will tell you why. This is a very good book for the novice as it is easy to absorb information. Since you’re new all you need to do at this point is try to absorb what is said here.
Simple, basic and easy to understand, if I can give you one word of advice at this point in this book I will tell you to keep it simple because trading really is simple if you keep it that way. You do not need any indicators or fancy systems, methods or software that the so called gurus are all touting. The market only works on supply and demand and supply and demand is the only thing that as I said earlier, moves price on a chart from one value area to another. Doesn’t it make sense then to study what makes the market do what it does and use that as your trading method?
Here is the first tip I can give you. Don’t waste time on learning things that will not help you make money in the live market. You don’t need to know the history of the financial markets and what all the old time guys who made a lot of money did to make their loot. It’s not even the same market or economics as it was when they were in the live market so don’t waste any valuable education and learning time on learning that information.
I encourage you to begin to learn only what will make you money in today’s markets. If you would like to go back and study all that history once you have become consistently profitable on a daily basis so be it. If and when you do become successful in this business you will have a lot of time on your hands anyway because at that juncture trading is boring and it is a lot of waiting around.
In the meantime though, let’s get you learning how to drive your new money train down the tracks of gold to the front door of your bank so you can deposit all the profits you are going to learn how to take out of today’s markets. You don’t need to know what happened in the market 100 years ago you need to know what is happening in the market right now and how to make money from it.
When you are done reading this book you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of education. The information in this book will put you on the fast track to becoming a successful self-directed investor and trader with very little money invested other than the cost of this book.
I wrote this book for the benefit of those who want to explore investing and trading but have no experience, because I was incensed at how trading is taught in most books and courses so wrong and unrealistically. I have even heard industry people say that it is done intentionally so that the smart money can continue to profit. All they give you is unrealistic information that will not help you in the live markets using real money. Why would you want to learn something the wrong way from the start that could cause you to lose your hard-earned money? To me that’s just crazy.
As a professional investor and trader, I felt it was time to show that most learning by new people in the business can be very easy if they learn what to do the right way from the very start of their education process. What this book is going to tell you is how not to make the mistakes that most new investors and traders make that cause them to lose money right away.
The market is not a big secret and all of the information you need to make a trading decision is right out in the open. If you know where to find the information and know what to look for you can and will make some money every day in the market provided you are looking at the right information.
As a brand new investor and trader with zero knowledge of the business you are at a loss as to what information you actually do and do not need. Much of what the current trading education industry is putting out is not only giving you information that is all backwards, it is very unrealistic to do in the live markets, and can get you into a lot of trouble. Why would you want to learn something that could potentially cause you to lose money right away in your new trading business? The trading education industry is not regulated so beware of that. Anyone can put out a YouTube video of anything and brand new traders who are watching these types of things thinking that what they are viewing are the right things to do.
I get a lot of flak from the trading education community for opening up the door for new brand new traders and giving them real opportunity to learn trading the right way from the first day and do it on the cheap. Most trading shown in books, video training and webinars these days is taught not only unrealistically it shows you information you